Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

Our derivative instruments designated as cash flow hedges as of December 31, 2023 were (in thousands):

	Notional Amount	Paid Fixed Rate	Receive Variable Rate	Settlement and Termination
Interest rate swap (a)	$150,000	2.8%	1-month term SOFR	Monthly through October 31, 2027
Interest rate swap (b)	$100,000	4.5%	1-month term SOFR	Monthly through July 31, 2026
(a) In July 2022, we executed forward-starting fixed interest rate swap, the tenor of which began on October 31, 2022.
(b) In July 2023, we executed a fixed interest rate swap that hedges the variability in interest payments on floating rate debt.